Breaking through a year-long resistance zone between $37k to $41k on Thursday, Bitcoin's price action has set the stage for what I term an Optimal Trading Zone (OTZ). This critical development is a cornerstone of my strategy, focusing solely on the dynamics of price movement. Now, my attention is keenly fixed on the anticipation of Bitcoin's price entering and ideally closing within or above the OTZ, signaling a potential double bottom pattern. It's crucial to emphasize that a close below the OTZ would dissuade me from pursuing any trades, underlining the pivotal role this zone plays in my overall strategy.
